Don't Bank on March Rate Cut Yet, Says DoubleLine's Sherman
• Wall Street's March rate cut hopes are premature, DoubleLine's Sherman says • Sherman sees core inflation dampening, but market is extrapolating a March cut • Recession risks still remain in 2023, especially if inflation re-ignites or Fed keeps rates high • Sherman points to a "grabby" credit market where investors chase yields in rare corners • Patience is warranted in chasing "grabby" areas of the market, Sherman says